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U.S. Escalates Sanctions Against Russia Over Ukraine Crisis

Treasury Targets Rosneft, Other Top Firms, Stops Short of Sectoral Measures; EU Also to Expand List

The Obama administration escalated its sanctions against Russia over its alleged interference in Ukraine. WSJ's William Mauldin joins the News Hub with Simon Constable to discuss whether or not this will help alleviate the crisis in Ukraine. Photo: Getty

The Obama administration escalated its sanctions Wednesday against Russia over the fighting in Ukraine, marking a return to confrontation with President Vladimir Putin after determining that his hints at cooperation were leading nowhere.

The U.S. moves to impose restrictions on the Russian state-controlled oil giant OAO Rosneft and other top firms are aimed at squeezing Russia's already struggling economy and financial system. They followed weeks of U.S. threats that Russia would face repercussions unless it helped defuse...